Everything You Need to Know About Lender LTVs
We love every opportunity to show our guests the many Hot Springs Village homes for sale. We enjoy introducing prospective buyers to both the community and the surrounding area. But sometimes those buyers aren't exactly sure what they are getting themselves into. They...
Tips for the First-Time Homebuyer
There is nothing more fulfilling than finally owning your own home. It’s like a rite of passage into “adulting!” But it can also be a little overwhelming, and let’s face it, you weren’t prepared for this by your high school economics class. We’ve put together a...
What are “seller concessions”?
Sellers may offer concessions to incentivize buyers to purchase the home or sweeten the deal. There are usually limits to what a seller can contribute, which will vary based on the type of loan. Typical seller concessions for an FHA loan may include: Loan discount...
What is “Equity”?
Equity is the investment a homeowner has in their home. To calculate equity, take the market value of the home and subtract any mortgages or liens against the property. The amount leftover is the amount of equity you have in the home. It’s important to build equity as...
Spring is the Best Time of Year for the Real Estate Market.
Spring is a time for new beginnings, including finding the perfect home or selling the one where you currently live. As the days get longer and the temperatures get warmer, it’s a great time to get out and look at homes, as well as to get properties ready to sell. For...
What is meant by “Earnest Money”?
Earnest money is a deposit a buyer pays after a seller has accepted his offer on a home. It’s typically between 1 to 3 percent of the contract price and is held by the escrow company. It is designed to protect the seller if the buyer walks away after the parties have...
What does “Closing” mean?
Closing is when the home sale becomes final. The closing date is set for a time that allows the buyer to conduct due diligence, such as a home inspection, and the lender to complete the underwriting process, including a home appraisal. At closing, the parties execute...
What Do Real Estate Agents Do?
A buyer’s agent is a licensed real estate professional whose job it is to find buyers their dream home and represent their interests in the sale. Listing agents represent the sellers’ interests in the transaction, prepping and marketing a home for sale. The seller...
Home Valuation: What is it worth?
Schedule your Home Valuation with RE/MAX of Hot Springs Village, call 501-922-3777. Determining the value of a home or a piece of property may be more complex than you expected. Although real estate agents can give you a rough estimate, do not be surprised if a...
House Hunting in Hot Springs Village with Your Family is an Exciting Time.
If you and your family are looking to buy a home in a gated community, consider the tips below to help you find the property that you and your family can grow into and call home for years to come. Include Your Children in the Process It is extremely important to talk...